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Agenda - 03-10-20; 8-k - Lease of 1000 Corporate Drive, Suites 401 and 402, Hillsborough
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Agenda - 03-10-20; 8-k - Lease of 1000 Corporate Drive, Suites 401 and 402, Hillsborough
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BOCC
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3/10/2020
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Business
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Agenda
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8-k
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Agenda - 03-10-20 Business Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 03-10-20 Business Meeting
Minutes 03-10-2020 Business Meeting
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\Board of County Commissioners\Minutes - Approved\2020's\2020
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9 <br /> provided herein; (b) Tenant abandons or vacates the Premises; (c) Tenant fails to comply with or abide by <br /> and perform any other obligation imposed upon Tenant as provided herein; (d) Tenant is adjudicated <br /> bankrupt; (e) a permanent receiver is appointed for Tenant's property and such receiver is not removed <br /> within sixty(60) days after appointment; (f)Tenant, either voluntarily or involuntarily,takes advantage of <br /> any debt or relief proceedings under any present or future law whereby the rent or any part thereof is, or is <br /> proposed to be, reduced or payment thereof deferred; (g) Tenant makes an assignment for benefit of <br /> creditors; or (h) Tenant's property is levied upon or attached under process against Tenant which is not <br /> satisfied or dissolved within thirty(30) days after such levy or attachment. <br /> 21. REMEDIES UPON DEFAULT. Upon the occurrence of any Event of Default, Landlord <br /> may pursue any one or more of the following remedies separately or concurrently, without prejudice to <br /> any other remedy herein provided or provided by law. If the Event of Default involves(a)nonpayment of <br /> rent, additional rent and/or any other charge required to be paid by Tenant as provided herein, and Tenant <br /> fails to cure such default with ten(10) days after receipt of written notice of default from Landlord, or(b) <br /> a default in the compliance or performance of any other obligation imposed upon Tenant as provided <br /> herein, and Tenant fails to cure such default within fifteen (15) days after receipt of written notice of <br /> default from Landlord, then, in any such event, Landlord may terminate this Lease by giving written <br /> notice to Tenant. Upon any such termination, Landlord shall be entitled to recover from Tenant any and <br /> all damages as may be permitted under applicable law. If the Event of Default involves any other than <br /> those set forth in (a) or (b) above, Landlord may terminate this Lease by giving written notice of <br /> termination to Tenant. Upon any such termination, Landlord shall be entitled to recover from Tenant <br /> damages in an amount equal to all rent, additional rent and other charges, if any, then due and owing by <br /> Tenant as provided herein and which would otherwise have become due and owing by Tenant during the <br /> remainder of the Term. In addition to the above-stated remedies, Landlord may, upon the occurrence of <br /> any Event of Default, as Tenant's agent and without terminating this Lease, enter upon and re-let the <br /> Premises, in whole or in part, at the best price obtainable by reasonable effort, without advertisement and <br /> by private negotiation, for such term as Landlord deems appropriate under the circumstances. Tenant <br /> shall be liable to Landlord for any deficiency, if any, between the amount of Tenant's rent hereunder and <br /> the amount of rent obtained by Landlord in re-letting the Premises, or any part thereof; provided, <br /> however, that Landlord shall not be under any duty, except to the extent required by applicable law, to <br /> mitigate its damages resulting from Tenant's default. In the event Landlord hires an attorney to enforce <br /> its rights upon the occurrence of any Event of Default, Tenant shall also be liable to Landlord for <br /> reasonable attorneys' fees incurred by Landlord, not to exceed fifteen percent (15%) of the aggregate <br /> amount of Tenant's indebtedness to Landlord,and all costs of collection. <br /> 22. EXTERIOR SIGNS. Tenant shall place no signs upon the outside walls or roof of the <br /> Building except with the express written consent of the Landlord. Any and all signs placed on the <br /> Building or the Premises by Tenant shall be maintained in compliance with governmental rules and <br /> regulations governing such signs and Tenant shall be responsible to Landlord for any damage caused by <br /> installation,use or maintenance of said signs, and all damages incident to removal thereof. <br /> 23. LANDLORD'S ENTRY OF PREMISES. Landlord may advertise the Premises "For Rent" <br /> or"For Sale" sixty(60) days prior to the expiration or any termination of the Term. Landlord may enter <br /> the Premises at reasonable hours to exhibit same to prospective purchasers or tenants and to make repairs <br /> required of Landlord under the terms hereof, or to make repairs to Landlord's adjoining property, if any. <br /> Landlord may enter upon the Premises, at any time, when and as reasonably necessary to repair or <br /> mitigate any emergency situation. <br /> 24. EFFECT OF TERMINATION OF LEASE. No termination of this Lease prior to the <br /> expiration of the Term, as stated herein, regardless of the reason for such termination, shall impair or <br /> 7 <br />
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